Economist Calls on Biden Administration to Break Live Nation Monopoly
Mark J. Perry, an economist and professor emeritus at the University of Michigan, published an Op-Ed in The Hill this week, calling on President Joe Biden to focus on Live Nation Entertainment as part of its efforts to battle monopolistic companies. The author, who is a senior fellow at... Read more
Endeavor Execs Resign from Live Nation Board After DOJ Anti-Trust Scrutiny
A pair of executives from Endeavor abruptly resigned from the Live Nation Entertainment Board of Directors last week amid anti-trust concerns. Endeavor Chief Executive Officer Ariel Emanuel and President Mark Shapiro resigned their positions after the Department of Justice “expressed concerns that their positions on the Live Nation Board... Read more
Ticketmaster Buys Former CEO Hubbard’s Company After DOJ Clearance
Ticketmaster has now acquired Rival, the ticketing startup founded by its former chief executive officer Nathan Hubbard, as first reported by Billboard. The deal came about following clearance from the Department of Justice in accordance with its monitoring of practices due to the now-extended consent decree of parent company... Read more
Antitrust Institute Slams DOJ Missed Opportunity in Live Nation Settlement
The American Antitrust Institute submitted a letter to the U.S. Department of Justice, Antitrust Division this week regarding its recent enforcement action against Ticketmaster and its parent company Live Nation’s decade-long merger. In the letter, penned by AAI’s president Diana L. Moss, the AAI notes that Live Nation and... Read more
DOJ Announces Filing of Amended Live Nation Consent Decree
The Department of Justice (DOJ) has announced that the Amended Final Judgement extending and modifying Live Nation’s 2010 consent decree has been entered by the court, which also set the procedure an Independent Monitoring Trustee required in the agreement, which is now valid through 2025. “Live Nation broke the... Read more
Despite Multiple Consent Decree Violations, Live Nation Gets Slap on Wrist from DOJ
The Department of Justice detailed six instances where Live Nation violated a 2010 consent decree by using threats to ensure venue clients used Ticketmaster in court filings made public last week. Such threats, which Live Nation has long denied, were the reason for the DOJ’s plans to bring court... Read more
Early Information on Live Nation DOJ Settlement Unclear on Secondary Ticketing
Will the “significant changes” agreed to by Live Nation Entertainment in its settlement over alleged violations of its 2010 consent decree include any change in its secondary ticketing operations? From the details released thus far, it doesn’t look like it. In a press release outlining “the most significant enforcement... Read more
Live Nation Announces DOJ Settlement Extending Consent Decree to 2025
Live Nation has reached a settlement with the Department of Justice that extends a consent decree it agreed to as part of the 2010 merger with Ticketmaster through 2025, according to a statement published on the entertainment giant’s website Thursday afternoon. “We have reached an agreement in principle with... Read more
WSJ: Justice Department Preparing Action Against Live Nation
The Wall Street Journal is reporting that the Department of Justice (DOJ) is preparing to take legal action against Live Nation Entertainment (NYSE: LYV). The action, attributed to anonymous sources familiar with the matter, is based off “allegations the company has sought to strong-arm concert venues into using its... Read more
Assistant AG Confirms Live Nation Antitrust Investigation
At an antitrust enforcement oversight hearing held by the Senate Judiciary Subcommittee on Antitrust, Makan Delrahim, Assistant Attorney General for the Department of Justice Antitrust Division, confirmed that Live Nation (NASDAQ: LYV) is under investigation for alleged anti-competitive behavior and its adherence to a 2010 consent decree. While he... Read more